The shipping industry, the backbone of international trade, is very carbon intensive. It is responsible for emitting close to 1 billion tonnes of greenhouse gasses per year, equivalent to the emissions of a G7 country like Germany or Japan. In September, Amogy, a New York-headquartered company focusing on ammonia-to-power solutions, has successfully demonstrated its technology on a maritime vessel for the first time. 

Amogy retrofitted a 1957 tugboat with its ammonia-to-power fuel cell system. In what it says is a world first, Amogy's NH3 Kraken sailed on the Hudson River on carbon-free fuel for the first time. CEO and co-founder of Amogy, Seonghoon Woo, shares more about its proprietary technology, and why it is a significant step towards reducing global carbon emissions and moving the maritime industry closer to the International Maritime Organisation's target of net-zero emissions by 2050.   

The shipping industry, the backbone of international trade, is very carbon intensive. It is responsible for emitting close to 1 billion tonnes of greenhouse gasses per year, equivalent to the emissions of a G7 country like Germany or Japan. In September, Amogy, a New York-headquartered company focusing on ammonia-to-power solutions, has successfully demonstrated its technology on a maritime vessel for the first time. 
Amogy retrofitted a 1957 tugboat with its ammonia-to-power fuel cell system. In what it says is a world first, Amogy's NH3 Kraken sailed on the Hudson River on carbon-free fuel for the first time. CEO and co-founder of Amogy, Seonghoon Woo, shares more about its proprietary technology, and why it is a significant step towards reducing global carbon emissions and moving the maritime industry closer to the International Maritime Organisation's target of net-zero emissions by 2050.

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Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

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